Incorporated and registered in the Isle of Man under the Isle of Man Companies Acts 1931 to 2004 with registered number 117001C and subsequently re-registered as a company under the Isle of Man Companies Act 2006 with registered number 006491v.

SAPO Investment Strategy


The investment strategy of the company is focused towards investing in the developing market for rural broadband.


In December 2018, OfCom published the “Connected Nations 2018 UK Report”. This report included the following statement.“Despite this progress, there are still large parts of the UK that are poorly served by communications services.

• Around 2% of UK premises cannot access a decent fixed broadband service that delivers a download speed of at least 10 Mbit/s and upload speed of at least 1 Mbit/s. However, this has improved from 4% last year.


• While 94% of UK homes and businesses are in areas where superfast, or better, broadband is available, only 45% of homes are subscribing to these services.


• 9% of UK landmass has no good 4G coverage from any operator. This has improved from 21% a year ago but rural areas are still badly affected.

• 23% of homes and businesses do not have good indoor 4G coverage from all operators.

• We also estimate that there are 39,000 homes and businesses that cannot access a decent fixed broadband service or get good 4G coverage.”

SAPO intends to target profitable rural broadband operations which can offer strong growth and expansion potential. The rural market is currently made up of small operators which the Directors believe is ripe for consolidation and they also believe the company is well positioned to execute its strategy. 

Further information on the investment Strategy can be found in the Admission Document. 


Executive Team

Dr Keith Harris - Executive Chairman 

Dr Keith Harris is an investment banker and financier with over 35 years' experience as a senior corporate finance and takeover advisor, and as chairman and chief executive of private and public companies in a variety of business sectors. He has held senior executive positions at leading financial institutions in the UK and US, including Morgan Grenfell, Drexel Burnham, and was chief executive of HSBC Investment Bank and principal owner and chairman of Seymour Pierce Holdings.


Keith has also held a number of non-executive positions in wide-ranging industries, including Wembley National Stadium and the Football League (as Chairman) and Everton FC (as Deputy Chairman), Benfield Group and Sellar Property (the developer of The Shard).


In his various roles, Dr Harris has been an advisor and principal in many high-profile debt and equity issues as well as complex cross-border merger and acquisition transactions.

Selwyn Lewis Non-Executive Director

Selwyn Lewis spent 25 years in the world of banking and financial services in London (focussing on emerging markets, and then trading in distressed debt instruments issued by third world countries/banks). During this time, he helped to structure a number of significant debt buy-back programmes, major investments through debt/equity conversions, and many other inventive uses of this distressed debt.


Selwyn then returned to South Africa and became the Founder and Chairman of Treble Entertainment (Pty) Ltd, a company specialising in Sport Sponsorship, Marketing and Leveraging, dealing with a number of global passion brands and major international companies.

Michael Langoulant, Non-Executive Director

Michael Langoulant is a Chartered Accountant, corporate and financial advisor who specialises in providing corporate financial services to public companies. He has over 30 years’ experience in public company M&A, corporate administration and fundraising. He has acted as finance director, CFO, company secretary and non-executive director with a number of publicly listed companies. He was previously Chairman of ASX listed White Cliff Minerals Limited and a director of LSE listed cash shell LB-Shell plc.